Examples of Eligible Participant in a sentence
Nothing contained in this Plan shall be construed as a contract of employment between the Company or a subsidiary and any Eligible Participant, or as a right of any Eligible Participant to be continued in employment of the Company or a subsidiary, or as a limitation on the right of the Company or a subsidiary to discharge any of its employees, with or without cause.5.04Benefit Not Assignable.
Each such Eligible Participant shall have a Designated Retirement Date for purposes of the Plan.
A married Eligible Participant shall not be required to obtain consent of his spouse in order to elect an optional form of payment provided in Section 4.0 I.4.03Designated Retirement Date.
This Section 4.03 shall apply to any Eligible Participant whose retirement commences after December 31, 2008 and whose employment terminates after December 31, 2004.
For any Eligible Participant whose employment terminates after December 31, 2004 and whose retirement commences after December 31, 2008, the benefit payable under Artie le III shall commence no later than the Mandatory Payment Date which is the later of (i) December 31 of the year of the Eligible Participant's Designated Retirement Date, or (ii) the date 2-1/2 months following the Designated Retirement Date.